Personal Income Tax in Thailand
Personal Income Tax (PIT) is a direct tax levied on income of a person. A person means an individual, an ordinary partnership, a non-juristic body of person and an undivided estate. In general, a person liable to PIT has to compute his tax liability, file tax return and pay tax, if any, accordingly on a calendar year basis.
The tax rates in 2018 for employment income and hire of work are as follows:
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Taxable income (Baht) Tax rate on income in bracket Tax rate %
1-150,000 0 Exempt
150,001-300,000 7,500 5%
300,001-500,000 20,000 10%
500,001-750,000 37,500 15%
750,001-1,000,000 50,000 20%
1,000,001-2,000,000 250,000 25%
2,000,001-5,000,000 900,000 30%
5,000,001 and Over 35%
For more information, please visit the Thai Revenue Department click==> Revenue Department website